Year: 2023

Eloro Resources Intersects 279.22 g Ag/t, 0.47% Pb and 0.43% Sn (339.82g Ag eq/t) over 62.84m in Definition Drilling at the Iska Iska Project, Potosi Department, Southwestern Bolivia

Hole DSB-61 above also returned other well mineralized intersections as follows: 33.83 g Ag/t, 1.53% Zn, 0.93% Pb and 0.14% Sn (130.88g Ag eq/t) over 178.99m including 120.37 g Ag/t, 2.13% Zn, 1.57% Pb and 0.19% Sn (252.19g Ag eq/t) over 18.25m,175.23 g Ag/t, 2.44% Zn, 0.56% Pb and 0.12% Sn (275.45g Ag eq/t) over 9.11m and 17.03 g Ag/t, 4.13% Zn, 1.30% Pb and 0.15% Sn (217.71g Ag eq/t) over 19.48mm Significant results from additional definition drill holes include: 51.19g Ag/t, 0.75% Zn and 0.44% Pb (98.85g Ag eq/t) over 55.93m including 31.65g Ag/t, 3.19% Zn, 1.21% Pb and 0.19% Sn (203.15 g Ag eq/t) over 10.55m and 192.2 g Ag/t (178.76 g Ag eq/t) over 7.46m (DSB-59) 43.68 g Ag/t, 0.42% Zn, and 0.38% Pb (71.70g Ag eq/t) over 74.53m, 132.33 g Ag/t, 0.23% Zn and 0.25% Pb (136.70 g Ag eq/t) over 15.14m and 55.25 g Ag/t, 0.96% Zn, 0.83% Pb and 0.26% Sn (149.47 g Ag eq/t) over 10.58m (DSB-57) 7.84g Ag/t, 1.51% Zn and 0.64% Pb (85.39g Ag eq/t) over 265.89m including 25.65 g Ag/t, 2.24% Zn and 1.77% Pb (160.16g Ag eq/t) over 45.23m and 110.92 g Ag/t (107.98 g Ag eq/t) over 21.25m (DSB-62) These latest drill hole results are most encouraging as they are demonstrating substantive higher-grade intervals, especially for silver, in the potential starter pit mineral resource area that may now be potentially upgraded and expanded.
MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen
Location Map of Definition Drill Holes, Santa Barbara, Iska Iska. Holes in this release are highlighted in yellow circles.

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce the first assay results from five (5) of the drill holes in its eleven (11) hole 5,267.7m definition drill program on the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. read more

Cartier Silver: High Grade Silver Closing in on Production in Bolivia

JayCurrie
Cartier Silver, CFE.C, silver, lead, zinc, Bolivia

Superficially, Cartier Silver (CFE.C) and Eloro Resources (ELO.T) look very similar. Same CEO, same management team, same geos, same tight share structure…silver in Bolivia! In fact, they are very different animals. Eloro’s Iska Iska deposit is a giant (over 670 million tons), silver plus tin plus zinc, polymetallic, project with complex geology and solid grades. Cartier’s Gonalbert property in the Chorrillos silver project is lower tonnage with but higher grades of silver-lead. read more

NexGen Receives Provincial Environmental Assessment Approval for the Rook I Project

MotherlodeTV
T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has received Ministerial approval under The Environmental Assessment Act of Saskatchewan to proceed with the development of its 100%-owned Rook I Project (the “Project”). read more

Cartier Reports High-Grade Silver, Lead and Zinc Values from Systematic Channel Sampling of the Underground Artisanal Workings at its Gonalbert Property, Southern Bolivia

Highlights from the Mina Central Adit include: 512.5 g Ag/t & 14% Pb over 58m strike & average width of 0.5m (Level -40). 132.40 g Ag/t & 7.1% Pb over 117m strike & average width of 0.4m (Level -40). 153.7g Ag/t & 7% Pb over 20m strike & average width of 0.9m (Level -60). 223.9 g Ag/t & 5.0% Pb over 30m strike & average width of 0.7m (Level -80). 239.5 g Ag/t & 11% Pb over 125m strike & average width of 0.9m (Level -100). 242.5 g Ag/t & 11% Pb over 164m strike & average width of 0.9m (Level -100) 343.2 g Ag/t & 15% Pb over 40m strike & average width of 0.8m (Level -100). Underground artisanal workings were sampled over a strike extent of 2km with results from 368 samples reported in eight principal artisanal working areas. Areas of potential high grade Ag mineralization targets outlined from underground channel sampling correlate very well with strong chargeability anomalies. A relatively strong chargeability anomaly extending northwards from the Mina Central area for approximately 700m is a prime target for further drilling. Previously reported Hole DGL-01 that intersected 49.19 g Ag/t, 1.35% Zn & 1.31% Pb over 44.76m tested a deeper strong chargeability anomaly below Mina Central confirming potential for wider zones of higher-grade Ag mineralization at Gonalbert.
MotherlodeTV
Geological plan map showing locations of principal underground workings sampling and the main potential high grade Ag mineralization targets as indicated by results of channel sampling of underground workings.

Cartier Silver Corporation (CSE: CFE) (“Cartier Silver” or the “Company”) is pleased to report results from an extensive underground channel sample in eight principal areas over a strike length of 2km on the Gonalbert property, Potosi Department, Bolivia. The Company also recently completed a 3-hole, 1,364.8m reconnaissance drill program to test geophysical and geological targets for epithermal Ag-Pb-Zn mineralization. Results from the final two holes are reported. read more

Eloro Resources Announces Completion of Metallurgical Holes and Updates Progress on Definition Drill Program to Expand Higher Grade Mineral Resource for PEA at Iska Iska Project, Potosi Department, Southwestern Bolivia

Three PQ sized metallurgical holes have been completed, two in the higher-grade Polymetallic (Ag-Zn-Pb) Domain Type and one in the higher-grade Tin (Sn-Ag-Pb) Domain Type with core shipped to Wardell Armstrong International (WAI) in Cornwall The Polymetallic Domain Type metallurgical testwork will focus on the predominant sulphide domain, while confirmatory testwork on the less predominant oxide domain is planned potentially using “sulphidizing” float conditions as required. The Tin Domain Type metallurgical testwork will focus on the predominant surface oxide domain only with a view to produce a lead-silver concentrate via the same flowsheet developed for the Polymetallic Domain Type mentioned above. Tin Recovery will not be part of the formal PEA deliverable, but its recovery will be tracked for future reference and use. Core will be crushed and sized into -60mm+25mm, -25mm+9.5mm and -9.5mm+0.85mm by WAI the +9.5mm products will be shipped to TOMRA in Germany for cascade “XRT ore-sorting” tests, whilst the -9.5mm+0.85mm will be tested using heavy liquids to further identify the amenability of the ore to Dense Media Separation (“DMS”) with further PEA metallurgical tests to be completed on the -0.85mm material and pre-concentrated products from the aforementioned test work. Definition drill program in progress will focus on expanding the higher-grade Polymetallic Domain mineral resource, which as previously reported contains an inferred mineral resource of 132 million tonnes at 24.3 g Ag/t, 1.11% Zn and 0.50% Pb at an NSR cutoff of $US25/t for a net NSR value of US$34.40 based on a cutoff grade of US$9.20/t. This higher-grade resource is included within the much larger inferred mineral resource in the Polymetallic Domain Type (Ag-Zn-Pb) of 541 million tonnes grading 13.6 g Ag/t, 0.69% Zn and0.28% Pb with an NSR value of US$20.32/t at an NSR cut-off of US$9.20/t. It is envisaged that this resource will be bulk mined in an open pit to minimise mining operating costs, with the run-of-mine feed then pre-concentrated to remove waste dilution. The Tin Polymetallic Domain Type (Sn-Pb-Ag) which has an inferred mineral resource of 110 million tonnes grading 0.12% Sn, 0.14% Pb and 14.2 g Ag/t with an NSR value of US$12.22/t at an NSR cut-off of US$6.00/t is very under drilled and is a major exploration target going forward.
MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen
Location Map of Metallurgical Drill Holes

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has completed a metallurgical drill program and commenced a definition drill program on the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. read more

Eloro Resources Announces Annual Meeting Voting Results

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V.ELO, Eloro Resources, Peru, gold, Tom Larsen

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that in connection with the annual meeting of the Company`s shareholders (the “Meeting”), that was held virtually on October 30, 2023, and in accordance with TSX reporting requirements, the following voting results were obtained. read more

Eloro Resources Files NI 43-101 Technical Report for Initial Mineral Resource Estimate for Iska Iska Project, Potosi Department, Southwestern Bolivia

Due to the multi-metal nature of the deposit, the resources are reported using Net Smelter Return (NSR) cut-off values which are as follows: Polymetallic Domain (Zn-Pb-Ag) = US$9.20/t for open pit (OP) mining and US$34.00/t for underground (UG) mining; Tin Domain (Sn-Ag-Pb) = US$6.00/t for OP mining. Costs have been significantly reduced due to the major impact of the positive “ore-sorting” tests. Potentially open pittable inferred mineral resource in Polymetallic Domain (Zn-Pb-Ag) of 541 million tonnes grading 0.69% Zn, 0.28% Pb and 13.6 g Ag/t with an NSR value of US$20.32/t at an NSR cut-off of US$9.20/t which is equal to the estimated operating cost. Polymetallic Domain includes a core inferred mineral resource at an NSR cutoff of US$15/t of 342 million tonnes grading 0.85% Zn, 0.35% Pb and 17 g Ag/t with an NSR value of US$25.22/t which is 2.74 times estimated operating cost of US $9.20/t This core mineral resource includes a higher grade near surface inferred mineral resource at an NSR cut-off of US25/t of 132 million tonnes grading 1.11% Zn, 0.50% Pb and 24.3 g Ag/t with an NSR value of US$34.50/t which is 3.75 times estimated operating cost of US $9.20/t Potentially open pittable inferred mineral resource in the Tin Domain (Sn-Pb-Ag) of 110 million tonnes grading 0.12% Sn, 0.14% Pb and 14.2 g Ag/t with an NSR value of US$12.22/t at an NSR cut-off of US$6.00/t Potential underground inferred mineral resource in the Polymetallic Domain of 19 million tonnes grading 1.88% Zn, 0.36% Pb and 18.8 g Ag/t with an NSR value of US$42.23 at an NSR cut-off of US$34.40/t. The open pit and underground NSR cut-off grades defining the overall mineral resource consider estimated mining costs, G&A expenses, processing costs, metallurgical recoveries, smelter deductions, treatment charges, penalties, and transportation costs for all metals of potential economic interest and, accordingly, are equal to estimated total operating costs. Potential open pit defining the bulk of the mineral resource is 1.4km in diameter, extends to a maximum depth of 750m below the Santa Barbara hill and has a stripping ratio of 1:1. Total in situ metal is estimated to be 298 million ounces Ag (silver), 4.09 million tonnes Zn (zinc), 1.74 million tonnes Pb (lead) and 130,000 tonnes Sn (tin). Resource estimate is based on 139 diamond drill holes totalling 96,386m. All holes intersected significant reportable mineralization and the deposit is open in all directions.
MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen
3D Perspective of the Iska Iska Pit Constrained Resource Showing Distribution of Resources in Major Domains as of August 19, 2023.

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce the filing of the National Instrument 43-101 (NI 43-101) Technical Report in support of the initial mineral resource estimate (“MRE”) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. The MRE, as set out in Table 1 below, has been prepared by independent qualified persons (“QPs”) with Micon International Limited as defined under NI-43-101. read more

Eloro Resources Announces Commencement of Preliminary Economic Assessment (PEA) for Iska Iska Project, Potosi Department, Southwestern Bolivia

MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce commencement of a preliminary economic assessment (“PEA”) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. The PEA study will consider the inferred mineral resource estimate (“MRE”) of 560 million tonnes grading 13.8 g Ag/t, 0.73% Zn and 0.28% Pb in the Polymetallic (Ag-Zn-Pb) Domain and 110 million tonnes grading 0.12% Sn, 14.2 g Ag/t and 0.14% Pb in the Tin Domain (Sn-Ag-Pb). While the Polymetallic Domain and the Tin Domain do not overlap or share any resource blocks, for the purposes of the PEA the mineral resources within both domains will be combined. read more

NexGen Closes US$110 Million Strategic Convertible Debenture Financing

MotherlodeTV
T.NXE, NexGen, uranium

 NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering“) of US$110 million aggregate principal amount of unsecured convertible debentures (the “Debentures“) with Queen’s Road Capital Investment Ltd. (“QRC“) and Washington H Soul Pattinson and Company Limited (“WHSP“). read more